Hong Kong businessman a step closer to US$70m jury award from Sands
A Nevada judge on Tuesday denied Las Vegas Sands’ request to throw out a jury verdict awarding former consultant Richard Suen of Hong Kong US$70 million in a breach-of-contract case.
A Hong Kong businessman is one step closer to collecting a multimillion-dollar award from Las Vegas Sands, the largest US casino company.
A Nevada judge on Tuesday denied Sands’ request to throw out a jury verdict awarding former consultant Richard Suen of Hong Kong US$70 million in a breach-of-contract case.
Sands presented 12 reasons the company should be granted a retrial.
After hearing a full day of arguments on Tuesday, District Judge Rob Bare declined to overturn the decision a jury reached in June. Sands is now expected to appeal to the state Supreme Court.
Suen says he was hired by Las Vegas Sands to curry favour with the Chinese government and help the company win a gambling licence in Macau, the only place in China where casino gambling is legal. He first sued Sands, which is owned by billionaire Republican super donor Sheldon Adelson, in 2004.
Sands holds that it would have won a licence without Suen’s help.